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...Today in Rio it's the politically connected lawyer relatives of Sean's stepfather - and if you think Brazil's admittedly impressive social progress of late means that powerful families can no longer manipulate the courts, especially when poking the U.S. in the eye is at stake, think again. Just as Miami exile leaders were able to make Elián's case drag out for as long as possible (it might still be dragging out today if the feds hadn't finally taken the boy forcibly), the Rio relatives have turned Sean's case into a Brazilian Bleak House...

Author: /time Magazine | Title: The Goldman Controversy: Memories of Elián González | 12/19/2009 | See Source »

...director of research firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...

Author: /time Magazine | Title: Citi's TARP Repayment: The Downside for a Troubled Bank | 12/15/2009 | See Source »

...public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary Geithner told a congressional committee that he did not expect to be fully repaid on TARP loans made to three companies: AIG, Chrysler and GM. (See the worst business deals...

Author: /time Magazine | Title: GM's New Leaders: Ambitious for Change | 12/11/2009 | See Source »

...most divisive political issues around. The fact that Republican candidate Scott Brown has pulled into a virtual dead heat with Democratic nominee Martha Coakley - prompting President Obama to stump with her this week - is, they say, an indictment of the pending congressional health care overhaul. Much is at stake in the balloting. Coakley would provide Democrats with a critical 60th aye vote, preserving the party's filibuster-proof majority - a fact that Brown (who began the race perhaps best known for the good looks that landed him a 1982 "America's Sexiest Man" centerfold in Cosmopolitan) has emphasized throughout...

Author: /time Magazine | Title: Senate Candidate Martha Coakley | 12/10/2009 | See Source »

...learned that he was co-heir of that collection, and notes that he has not as yet co-signed any agreement with the museum. It is this inheritance, which includes important works by Monet, Degas, Picasso and Kandinsky, among other A-list artists, that is now at stake. (See pictures of the Renaissance's biggest artists on exhibition...

Author: /time Magazine | Title: Family Feud Imperils a Prized Spanish Art Collection | 12/9/2009 | See Source »

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